All Articles Tagged - USDJPY

Daily Market Comment – Yen smiles as stocks struggle for direction

Posted on May 7, 2020 at 8:48 am GMT

Yen and dollar shine amid dire US and EU data, trade tensions, bankruptcy fears Stocks close lower, but solid Chinese trade numbers lift futures and aussie Pound perks up after BoE keeps stimulus powder dry, but risks linger US jobless claims on the menu today; can equities continue to defy gravity? Yen and dollar stand tall as traders weigh risks Stock markets have been partying like central bankers invented a virus vaccine in recent weeks, but some realism may be [..]

Daily Market Comment – German ultimatum sinks euro, yen capitalizes

Posted on May 6, 2020 at 8:29 am GMT

Euro crumbles after German courts challenge ECB stimulus Outlook still bleak, this is the last thing the fragile Eurozone needs Stocks trim gains on Fed gloom and Congressional ‘pause’, yen climbs Today: ADP data will give a taste of what’s on Friday’s NFP menu Euro falls apart as Germany challenges ECB The single currency came under heavy fire yesterday, after Germany’s top court ruled that the ECB’s asset purchases were unconstitutional. The judges gave the European Central Bank three months [..]

Technical Analysis – USDJPY loses ground, magnetized by lower Bollinger band

Posted on May 6, 2020 at 6:39 am GMT

USDJPY appears to be losing footing at the 106.44 level, that being the 50.0% Fibonacci retracement of the up leg from the 41-month low of 101.17 to the 111.71 high, tracing the lower Bollinger band around 106.21. The current negative push is confirmed by the downward slope in the 50-day simple moving average (SMA) as well as the increase in negative momentum reflected in the technical oscillators. The MACD, in the negative zone, is decreasing below its red trigger line, [..]

Daily Market Comment – Wall Street snaps back, but FX not convinced

Posted on May 5, 2020 at 8:48 am GMT

US stocks bounce back on medical headlines, rising oil prices, tech strength But FX market signals caution – yen and dollar hold strong, gold too Are investors piling into tech because of re-opening fears and US-China tensions? Euro suffers after German court decision on ECB asset purchases Stock markets storm higher Wall Street continues to defy economic gravity, with all three major US stock indices recouping early losses on Monday to close higher, brushing aside the simmering tensions between Washington [..]

Daily Market Comment – Specter of trade war returns to haunt stocks

Posted on May 4, 2020 at 8:39 am GMT

US stocks drop on Amazon earnings, fall further as US-China tensions flare up Finally discounting the long-term impact on consumption, psychology, and (de)globalization? Yen and dollar shine as risk aversion returns, aussie and kiwi suffer US-China tensions reintroduce stocks to gravity The stimulus-fueled bear rally in global stocks seems to be running on fumes, with optimism evaporating after some distressing remarks by Amazon cast doubt on the sustainability of this heavily concentrated market, and the US-China trade war came back [..]

Technical Analysis – USDJPY continues its move within descending channel in near term

Posted on May 4, 2020 at 7:48 am GMT

USDJPY has been trading within a descending channel over the last month, hitting a fresh six-week low at 106.35 on April 29. The price is currently capped by the simple moving averages (SMAs) in the 4-hour chart, while the RSI is marginally pointing up in the negative zone. However, the stochastic oscillator is ready for a bearish cross within its %K and %D lines above the oversold area. A continuation of the selling mode would drive the market to retest [..]

Technical Analysis – USDJPY acquires some negative fuel; upside corrections dwindle

Posted on April 30, 2020 at 7:00 am GMT

USDJPY has lost extra ground past the lows of 106.91 after having failed to overcome the mid-Bollinger band last week. Presently the price is resting at the 106.44 level, that being the 50.0% Fibonacci retracement of the up leg from the 41-month low of 101.17 to the 111.71 high and where the lower Bollinger band is located. The short-term oscillators appear to be confirming the new-found negative move within the price as does the downward sloping 50-day simple moving average [..]

Daily Market Comment – Dollar slips as lockdown easing spurs risk-on; BoJ ramps up stimulus

Posted on April 27, 2020 at 8:43 am GMT

Dollar pressured as euro, pound and aussie charge higher on possible relaxation of lockdowns Stocks edge higher too but oil plunges again Bank of Japan pledges unlimited QE; focus moves to Fed and ECB Light at the end of the lockdown tunnel? It was a buoyant start to the week as signs that the draconian lockdowns that have paralysed major economies around the world are about to be loosened lifted risk appetite. The US dollar, which has been the safe [..]

Technical Analysis – USDJPY under bearish control after closing below triangle; 106.90 support eyed

Posted on April 27, 2020 at 7:34 am GMT

USDJPY closed clearly below the symmetrical triangle on Monday on the four-hour chart, letting the bears take control. The momentum indicators are currently backing the bearish mode as the RSI, the Stochastics, and the MACD are all decelerating, shifting the focus to the downside and particularly to the 106.90 key support level which provided a strong footing for the market this month. In the negative scenario, should the 106.90 barrier prove easy to get through, re-activating the downward move from the [..]

Bank of Japan’s policy meeting eyed after unlimited bond buying rumors – Forex News Preview

Posted on April 24, 2020 at 2:38 pm GMT

Bank of Japan’s policy meeting will kick off on Monday, but it will not be a usual two-day gathering this time as policymakers are expected to reach their decision the same day. While under other circumstances, such an adjustment would signal an eventful meeting, the current virus situation may pressure the central bank for additional corporate aid and likely some flexibility on government bond purchases, whereas there is no doubt that interest rates will remain steady. May keep the focus [..]

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